Black Firms Lag in Capacity Growth
Over the last quarter century, the number of Black-owned businesses has grown at a record pace – nearly four times the rate of white-owned businesses. […]
Market News
The Rising Economy Tide is Lifting all Boats, Except Black Businesses
Most key economic indicators are positive. Although the Labor Department’s January Jobs Report did not show stellar job growth during the month of December, the […]
Euquant Analysis: An Investigation of New Firm Growth (Part-2)
This is the second part of our on-going series where we examine the Survey of Business Owners (SBO) in detail and discuss how it can be […]
Sizzling Labor Market Recovery Shifts Focus to Fed Action(8/1/14)
The labor market continued a sizzling pace of economic recovery in July. The economy created 209,000 new jobs while the unemployment rate edged up only […]
Trickle-down Growth is not enough for Blacks and Hispanic(6/23/14)
Following the devastating effects of the last recession slow job recovery, government macroeconomic policies have concentrated almost exclusively on growing the economy. However, to restore […]
The US Economy is on a New Roll (5/8/2014)
The Labor Department’s Monthly Employment Report confirmed the US economy is no longer crawling but galloping forward; it created 192,000 new jobs in March. Unemployment remained at 6.7% and did not increase, despite one-third of a million workers re-entering the labor force.
December Unemployment 6.7% and fewer Jobs Created: Aberration or Trend? (1/10/2014)
The unemployment rate finally declined beneath the 7% threshold and reached 6.7% in December, according to the Labor Department’s Monthly Employment Report. However, the number of new jobs created was less than a third of the 241,000 jobs created in November. Only 74,000 new jobs were generated in the economy during December. Nevertheless, all other economic indicators are still very positive and broadly spread across the economy. This suggests the December employment report should be viewed as an aberration rather than a trend.
ADP Reports a Surprising 215,000 Increase in New Jobs during November
ADP jobs report indicates 215,000 new jobs were created in November. This is good news for the economy but perhaps not so good news for the stock market. This is because it suggests the Fed may end its bond buying program, which keeps interest rates low in order to accelerate investment and spending.
Noisy Employment Data- we must wait another month to find out the truth!
There are two major sources from which we gather data on employment and unemployment; the establishment survey and the household survey. The first showed a […]
Unfinished Agenda of the March on Washington: Economic Justice -Part 1
Fifty years after the historic March on Washington (MOW), its designation as a “March for Jobs and Freedom” haunts us as a reminder of an unfinished agenda in the ongoing battle for justice and equality for African Americans. In this first of a 2 part article, the author focuses on the unfinished economic agenda.